LETTER: Localisation: On the right track
If it reduces our exposure to imported inflation, surely it’s a win for locals
If the initiative called “localisation” by the department of trade, industry & competition is a vote of no confidence against (captured) so-called economic advisers, I say the department is on the right track (“Costs will stop localisation from spawning industrialisation”, November 16).
In her meandering article, after a lot of hand-waving, Ann Bernstein makes the ludicrous claim that localisation will “undermine the Reserve Bank’s task of controlling inflation”.
The inflation the Reserve Bank “controls” is itself imported. So if localisation reduces our exposure to that, surely it’s a win for locals?
Mpho Tjabane, Johannesburg
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